Stanbic, Rencap, CSL, others trade N1.19trn equities in 7 months

In spite of the continuous southward movement of the market indices, shrewd investors are still looking for ways to get the best out of the market. Truth is whichever direction the capital market moves, opportunities abound particularly for medium to long term investors who will have the opportunity to buy pricey stocks cheaply.

On July 31, 2019, the All Share Index of the Nigerian Stock Exchange (NSE) closed in the red at -11.81 percent year-to-date. An observer of the market from a distance would have concluded that nothing whatsoever was going on in the nation’s capital market.

But available records showed that ten stockbroking firms, led by Stanbic IBTC Stockbrokers, Rencap Securities and CSL Stockbrokers, traded N842.51 billion worth of equities between January 1 and July 31, 2019. The cumulative value of the top ten stockbroking firms amounted to 70.53 percent of the N1.19 trillion worth of equities traded by all the licensed stockbroking firms on the Nigerian bourse year to date.

Stanbic IBTC Stockbrokers executed N231.69 billion worth of shares in the first seven months of this year, and that was equivalent to 19.40 percent of the total monetary value of equities transactions year to date. On the quantity table, Stanbic IBTC Stockbrokers traded 9.30 billion units of shares, representing 9.14 percent of the 101.79 billion units of shares traded year

to date.

Rencap Securities traded N137.36 billion worth of equities, or 11.50 percent of the overall monetary value of equities traded by market participants between January and July this year. On the quantity table, Rencap Securities was ranked 5th following the trading of 5.37 billion units of shares which translated to 5.28 percent of the units of shares traded in seven months.

On the value table, CSL Stockbrokers facilitated the execution of N83.32 billion worth of stocks which represented 6.98 percent of the year to date value transactions. These amounted to 5.47 billion shares on the quantity table amounting to 5.37 percent of the units of shares executed on the NSE.

EFG Hermes was ranked 4th on the value table and 8th on the quantity table. The worth of its transactions on the value table amounted to N74.29 billion equivalent to 6.22 percent of the entire value transactions in the seven months ended July which means on the quantity table, EFG Hermes traded 4.01 billion units of shares during the period.

APT Securities, ranked 5th on the value table, traded N71.99 billion worth of shares, representing 6.03 percent of the monetary worth of equity transactions in the first seven months ended July. Tellimer Capital traded N66.38 billion shares which amounted to 5.56 percent of the value of transactions on the NSE while Coronation Securities traded N55.77 billion stocks, equivalent to 4.67 percent of the value of equities traded from January to July.

Further, Chapel Hill Denham Securities traded N46.87 billion worth of equities between January and July to be ranked 8th on the market value table. That translated to 4.40 billion units of shares, representing 3.92 percent of the market value and 4.32 percent of the market volume.

FBN Quest Securities traded N38.95 billion worth of shares in first seven months of this year. That amounted to 3.26 percent of the market value year to date. Cardinalstone Securities accounted for 3 percent of the market value or N35.88 billion worth of equities in the first seven months of this year.